Haydock Finance Limited, established in 1980 and based in Blackburn, is an independent, FCA-authorised lender specialising in asset finance for UK small and medium-sized enterprises (SMEs). The company provides hire purchase, leasing, and asset-backed refinancing facilities exclusively through approved brokers. This approach offers flexible structured finance solutions geared towards businesses requiring asset acquisition or capital release from owned assets. For an understanding of asset finance and related options, see asset finance and what is asset finance.

Key Features of Haydock Finance

Haydock Finance operates primarily through a broker-only model, providing specialist support backed by an experienced underwriting team. It caters to a broad mix of asset types and offers various flexible repayment structures suitable for established SMEs. Key features include:

• 40+ years’ UK asset finance experience and broker-driven online proposal portal for quick submissions, see pick the right asset finance broker
• Flexible repayment options such as seasonal and VAT deferral schedules, detailed in choosing between asset finance and a business loan
• Capability to fund both hard assets like plant and vehicles plus soft assets such as IT and office fit-outs
• Authorised and regulated by the FCA, providing consumer protections where applicable
• In-house underwriting allows pragmatic, manual credit decisions to tailor solutions for clients

Funding Eligibility

Businesses typically qualify for Haydock Finance facilities if they have a minimum of two years’ trading history, although start-ups may be considered when strong assets and director guarantees exist. Personal guarantees are commonly required for SME transactions. Only UK-based businesses with assets located in England, Scotland, Wales or Northern Ireland are eligible, and certain sectors including speculative property and some hospitality segments are excluded. For more on eligibility criteria and guarantees, refer to how to qualify for a business loan in the UK and understanding personal guarantees in business loans.

Loan Options Available

Haydock offers a range of asset finance products, managing facility amounts from £10,000 up to £5,000,000. Terms vary between 12 and 84 months depending on the product type selected. Details of these options are as follows:

• Hire Purchase (Asset Finance): Loans from £10,000 to £5,000,000 with terms 12 to 84 months. Ownership transfers after final payment. Arrangements fees typically 1% to 2%. For more information visit hire purchase asset finance.
• Finance Lease: Loan amounts £10,000 to £5,000,000 over 24 to 84 months. Legal title retained by lender. Flexible end-of-term options. See finance lease for details.
• Operating Lease: Loans from £25,000 to £2,000,000, 24 to 60 month terms. Suitable for assets regularly upgraded with off-balance-sheet potential. Refer to operating lease.
• Asset Refinance / Sale & Hire Purchase-Back: £25,000 to £5,000,000, 12 to 60 months. Releases working capital from existing assets. More at asset refinance.

How to Apply

Applications to Haydock Finance must be made through approved brokers using their online brokerage portal. The process involves submission of required documents and broker-assisted underwriting, often followed by quick decision making and prompt funding. Key steps include:

• Submit a completed broker proposal form and supporting financials, see how to apply for business loan and loan application process
• Provide last two years’ financial accounts and recent management information
• Review and sign paperwork electronically or via wet-ink after broker facilitation
• Expect approval usually within 24 hours of full submission, funding typically same or next day; refer to loan approval timeline

Funding Agent’s View on Haydock Finance

As an established, FCA-authorised lender focusing on asset-backed finance, Haydock Finance is suited for SMEs seeking structured hire purchase or leasing solutions through brokerage channels. Its flexible approach benefits businesses with tangible asset needs but excludes those requiring unsecured working capital or direct lending. For those considering their options, related tools such as an asset finance calculator and guides on business loans and unsecured business loans may be of assistance.